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Strategies & Market Trends : Value Investing

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To: a128 who wrote (27493)	7/31/2007 8:20:27 PM
From: a128	Read Replies (1) of 78748

FSP announced earnings. EPS, FFO & FFO+GOS all below last year for the quarter and the 6 months. Yet the CEO remains optimistic. (Can we get an independent psychiatric evaluation ?) LOL biz.yahoo.com But, at least it appears they are going to buyback stock again. FSP believes its shares are undervalued and currently intends to resume repurchases of its common stock from time to time during the remainder of 2007. The timing and amount of any repurchases will be determined by FSP's management based on its evaluation of market conditions and other factors and will be made in accordance with the terms and conditions of the Stock Repurchase Plan. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. ------------- Another thing that bothers me....when they announce property sales, they dont give the purchase date. Kind of hard to evaluate their performance on a property not knowing how long they held it. On July 16, 2007, we completed the sale of a suburban office property located in Westford, Massachusetts. Gross proceeds from the sale of the property were approximately $11.5 million, which resulted in a net gain of approximately $1.9 million. Supplementary Schedule D presents our continuing real estate portfolio of 27 properties as of June 30, 2007. --- They made approx. 19.79%. Thats good if they held it 6-18 months, not so good if they held it for 5 years.

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